[Chart courtesy of MarketWatch.com] Moving the markets Throughout the session, the major indexes hovered below their respective unchanged lines, as US-China trade news offered a mixed picture, while a look ahead to the upcoming central bank policy meetings kept traders on edge. Except for a last-minute spike in equities, interest rates kept a lid on advances with the 10-year bond …
Breakout!
[Chart courtesy of MarketWatch.com] Moving the markets Just when you thought the trade deal was dead, news that US and Chinese officials declared a tentative resumption of tariff talks made the headlines, and off to the races we went with the computer algos pushing the indexes sharply higher. Mind you that nothing worthwhile was accomplished. The warring parties simply agreed …
Injecting Bullish Sentiment
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes staged a turnaround, after yesterday’s pullback, encouraged by an apparent ease in Hongkong tensions. Chief executive Carrie Lam announced that she would withdraw the controversial extradition bill that has sparked months of violent protests, which were feared to eventually hurt the business climate and global financial markets. While this bill …
Markets Resemble A Deer In The Headlight
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s rally was based on nothing more than rekindled optimism that the ever-accelerating trade war with China may be “again” on another verge of the warring parties agreeing to a ceasefire. On the other hand, how many times can you cry “wolf” before it’s being ignored. Apparently, we have not reached that …
Easing Trade War Fears Fuel Markets
[Chart courtesy of MarketWatch.com] Moving the markets When all else fails, a few well-chosen words seem to be enough these days to put a sagging market back into bullish mode. Such was the case today, when China indicated that they were in no rush to respond to the latest round of tariffs announced by Washington. In the process, this week’s …
Digging A Hole And Climbing Out Of It
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early sell-off, caused by the bond market flashing a recession signal, the major indexes managed to climb out of that hole supported by a lift from the energy sector, as oil prices showed new signs of life. Even with that good effort, we remain stuck in a trading range with the …